TCPL Packaging Limited — Capital/Financing Update 2025

May 6, 2025

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May 6, 2025

The Bombay Stock Exchange Ltd The National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block Dalal Street, Bandra Kurla Complex, Mumbai 400 001 Bandra East, Mumbai 400 051 Security Code:-523301 Trading Symbol:- TCPLPACK

Dear Sir/Madam,

Re:- Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

We wish to inform you that meeting of the Board of Directors (“Board”), of the company was held today at 3.00 p.m. and concluded at 4.15 p.m. The Board at its meeting, discussed:

• i) Purchase / acquisition of 100% stake of Accura Technik Private Limited (“ATPL”), a private limited company incorporated under the Companies Act 2013, with the object of cylinder manufacturing activities.

The disclosure required pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023 is attached as “Annexure A”.

• ii) Establishing of a world-class gravure cylinder manufacturing facility in Silvassa through Accura Technik Private Limited, wholly owned subsidiary.

The facility will be equipped with state-of-the-art electromechanical and direct laser engraving technologies, enabling superior precision, high-definition reproduction, and consistent colour fidelity across a wide range of substrates. The press release in this regard is attached as “Annexure B”.

Kindly take the same on record.

For TCPL Packaging Limited

Harish Digitally signed by Harish Venkappa Venkappa Anchan Anchan Date: 2025.05.06 16:37:20 +05'30' Compliance Officer

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ANNEXURE A
Sr. Particulars Details
No.
a) Name of the target entity, date & Accura Technik Private Limited (“ATPL”), is
country of incorporation, details in incorporated in India on October 9, 2023 and
brief such as size, turnover etc. is yet to commence its commercial
operations. It has reported nil income during
the period from October 9, 2023 to March
31, 2024
b) Name of holding company of the Pre-acquisition of shares, ATPL was a Group
incorporated company and relation Company
with the listed entity
c) Whether the acquisition would fall The current investment falls under the
within related party transaction(s) purview of the transaction with related
and whether the promoter/ parties. The Promoter / promoter group/
promoter group/ group companies group companies of the Company are
have any interest in the entity related party of the Company. The
being acquired? If yes, nature of transaction is at arm length price.
interest and details thereof and
whether the same is done at "arm's
length
d) Industry to which the entity being ATPL is engaged in the business of
acquired belongs; manufacturing engraved cylinders and other
components.
e) Objects and impacts of acquisition ATPL is engaged in the business of
(including but not limited to, manufacturing engraved cylinders and other
disclosure of reasons for components.
acquisition of target entity, if its
business is outside the main line of The Company currently sources gravure
business of the listed entity); cylinders from the market. This facility will
support TCPL’s internal requirements and
will also serve the broader industry with
high-quality cylinders and generating an
additional revenue stream for the Company
f) Brief details of any governmental Not Applicable
or regulatory approvals required
for the acquisition;
g) Indicative time period for The Company acquired 10000 shares of
completion of the acquisition/ date ATPL on May 6, 2025
of acquisition / allotment
h) Nature of consideration - whether 100% acquisition of the share capital in cash
cash consideration or share swap by way of remittance through normal
and details of the same; banking channel.
i) Cost of acquisition or the price at At face value of Rs. 10 per share i.e.
which the shares are acquired; Rs. 1.00 lakhs
j) Percentage of shareholding / The Company has acquired 10,000 equity
control acquired and / or number of shares constituting 100% stake of ATPL
shares acquired;
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k) Brief background about the entity ATPL is engaged in the business of acquired in terms of products/line manufacturing engraved cylinders and other of business acquired, date of components, having its registered office in incorporation, history of last 3 Mumbai and plant at Silvassa. ATPL is years turnover, country in which incorporated on October 9, 2023 and has the acquired entity has presence reported nil income during the period from and any other significant October 9, 2023 to March 31, 2024 information (in brief);

Kindly take the same on record.

Thanking You

For TCPL Packaging Limited

Digitally signed by Harish Harish Venkappa Venkappa Anchan Anchan Date: 2025.05.06 16:37:42 +05'30' Compliance Officer

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CIN: L22210MH1987PLC044505

Corporate office: Empire Mills Complex, 414, Senapati Bapat Marg, Lower Parel, Mumbai, Maharashtra 400013 India

PRESS RELEASE

TCPL to Establish State-of-the-Art Gravure Cylinder Manufacturing Facility

Cutting-edge investment to accelerate vertical integration, elevate print precision and strengthen TCPL’s technological edge

Mumbai, May 6, 2025 : TCPL Packaging (TCPL), one of India’s leading producers of sustainable packaging solutions for customers across industries, today announced plans to establish a worldclass gravure cylinder manufacturing facility in Silvassa through a wholly owned subsidiary, Accura Technik Private Limited.

With a significant capital outlay, the facility is expected to be commissioned by Q3 FY2026. Once operational, it will offer an installed capacity of approximately 12,000 cylinders per annum, ensuring the timely availability of world-class gravure cylinders and driving improvements in overall production efficiency.

As TCPL currently sources gravure cylinders from the market, the facility marks a key milestone in Company’s backward integration roadmap, aimed at improving process control, enhancing print quality, and accelerating delivery timelines for its growing customer base. While one objective is to support TCPL’s internal requirements, the facility has been designed with surplus capacity to serve the growing external demand for gravure cylinders. Over time, it is expected to grow and evolve into an independent profit centre – serving the broader industry with high-quality cylinders and generating an additional revenue stream for the Company

The facility will be equipped with state-of-the-art electromechanical and direct laser engraving technologies, enabling superior precision, high-definition reproduction, and consistent colour fidelity across a wide range of substrates. This dual technology setup will particularly benefit customers in quality-sensitive and design-focused categories. The cylinders produced will adhere to the highest global standards, further enhancing TCPL’s ability to deliver differentiated solutions in both domestic and international markets.

Commenting on the development, Mr. Saket Kanoria, Managing Director, TCPL Packaging Limited, said : “We are pleased to announce the establishment of this advanced gravure cylinder engraving facility under our wholly owned subsidiary, Accura Technik Private Limited. This investment enhances our integrated capabilities and marks a forward-looking step towards greater control, agility, and consistency in our operations. It also reflects our long-term commitment to sustainable growth and delivering enhanced value to our customers.”

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About TCPL Packaging Limited

TCPL Packaging Limited (TCPL) (BSE: 523301, NSE: TCPLPACK), is one of India’s leading producers of sustainable packaging solutions for customers across industries. The Company partners with customers to provide paperboard-based packaging solutions, including folding cartons, printed blanks and outers, litho-lamination, plastic cartons, blister packs, and shelf-ready packaging. TCPL has also expanded its presence in the flexible packaging industry, with capabilities to produce printed cork-tipping paper, laminates, sleeves, and wrap-around labels.

Headquartered in Mumbai, India, TCPL has a PAN India presence with 9 state-of-the-art manufacturing facilities and marketing offices in key metro cities. Over the years, the Company has effectively diversified and broadened its operations to service a wide range of packaging products, while consistently adding new customers and increasing its share of business in established customers and markets.

For further information on the Company, please visit www.tcpl.in or contact:

Vivek Dave Anoop Poojari / Jenny Rose Kunnappally TCPL Packaging Limited CDR, India Tel: +91 70454 57686 Tel: +91 98330 90434 / +91 86899 72124 Email: vivek.dave@tcpl.in / investors@tcpl.in Email: anoop@cdr-india.com jenny@cdr-india.com

DISCLAIMER:

Certain statements and opinions with respect to the anticipated future performance of TCPL Packaging Limited (TCPL) in the press release may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like significant changes in economic environment in India and overseas, tax laws, import duties, litigation, labour relations, etc. Actual results might differ substantially from those expressed or implied. TCPL will not be in any way responsible for any action taken based on such statements and discussions; and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

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